Gravita India sets up US subsidiary Gravita Recyclers USA for scrap trading

Mergers & acquisitions
Mining

Blacklitt Research26 October 20262 min read

Gravita India (NSE: GRAVITA) has incorporated Gravita Recyclers USA Inc. as a wholly owned subsidiary in the United States of America, it said in a filing on 26 Oct 2026. The company says the subsidiary was incorporated to engage in trading of scrap and scrap materials, with initial capital of USD 50,000.

The subsidiary's stated business and capital

Gravita Recyclers USA Inc. was incorporated on 16 Oct 2026 and received approval on 26 Oct 2026. The filing says it was incorporated to engage in trading of scrap and scrap materials, and its industry is listed as trading.

The initial capital is USD 50,000, and Gravita India holds 100% of the subsidiary. Consideration is cash. The subsidiary is a wholly owned subsidiary and so is a related party of the company. The promoter and promoter group are not interested in the transaction, the filing says. The subsidiary has been newly incorporated and is yet to commence business.

How it follows the earlier step

The filing is in continuation of an intimation dated 05 Oct 2026 about the proposed incorporation of the subsidiary. Gravita India also filed on 17 Oct 2026 about an acquisition through subscription to the rights issue of Rashtriya Metal Industries Limited, a material subsidiary of the company. That filing concerns a different entity.

What the US subsidiary means for Gravita India's shareholders

The company's stake in the new unit is wholly owned, and its initial capital is USD 50,000. The company is listed in the non-ferrous metals sector with a market value of ₹9,657 crore at the 26 Oct 2026 close, according to Blacklitt's data.

The filing does not say how the subsidiary will be funded beyond the initial capital, when it will start business, or how its business differs from the existing business.

At a glance

Item	Detail
Subsidiary	Gravita Recyclers USA Inc.
Country	United States of America
Incorporated	16 Oct 2026
Approval received	26 Oct 2026
Initial capital	USD 50,000
Holding	100%, wholly owned
Stated business	Trading of scrap and scrap materials

Reference: Original filing (PDF)

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